NV Gold Appoints John Watson as Chief Executive Officer

VANCOUVER, June 30, 2023 - NV Gold Corp. (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") announces that, effective June 30, 2023, Mr. John Seaberg will resign from his positions as President, Chief Executive Officer (CEO) and Director of NV Gold to pursue new opportunities.

During his time with the Company, Mr. Seaberg has overseen and been part of many changes. Under his leadership, NV Gold's exploration portfolio has continued to evolve, and a new strategy focusing on the Company's most advanced properties has been launched.

"We are grateful for Mr. Seaberg's efforts on behalf of NV Gold and wish him much success in all his ventures going forward", said John Watson, Chairman and CEO of the Company. "I continue to serve as Chairman of the Board and have been asked to serve as Interim CEO as our Board of Directors begins the process of permanently filling the position."

Mr. Seaberg has agreed to continue as an advisor to the Company to assist with the transition.

About NV Gold Corporation

NV Gold Corp. is a well-organized exploration company with ~89 million sharesissued and no debt. The Company is based in Vancouver, British Columbia, and Reno, Nevada and is focused on delivering value through mineral discoveries in Nevada, USA. leveraging its expansive property portfolio, its highly experienced in-house technical team, and its extensive, searchable geological data library

On behalf of the Board of Directors,

John Watson, Chairman

For further information, visit the Company's website at www.nvgoldcorp.com or contact:

Freeform Communications at 604.245.0054

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and statements that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company and include, without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the potential quantity and grade of mineral resources identified in the Exploration Target and the Company's current expectations regarding future exploration and development plans. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information or forward-looking statements that are contained or referenced herein, except as may be required in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice regarding forward-looking information and statements.

SOURCE: NV Gold Corp.